Market Forecast
- Thread starter koshyssj
- Start date
Re: Market Forecast for 29.03.07
Dear koshyssj
IT IS REALLY VERY GUD POST IT HELP TRADER N INVESTOR LIKE US TO PLAY SAFER N BETTER WITH THIS POST IN MIND . U R COMMENT ON MARKET IS REALLY VERY GUD . I REALLY APPERACIATE U R WORK N COMMENT ALWYS IN TRADERJI.COM WAIT FOR U R POST DAILY LIKE WE WAIT FOR CHAKRY COMMENTS FROM SIFY . DO POST HAS EARLY SO THAT WE CAN PERPARE OR TAKE DECISION ACCOR TO DO WORK FOR A DAY
ARVIND
Dear koshyssj
IT IS REALLY VERY GUD POST IT HELP TRADER N INVESTOR LIKE US TO PLAY SAFER N BETTER WITH THIS POST IN MIND . U R COMMENT ON MARKET IS REALLY VERY GUD . I REALLY APPERACIATE U R WORK N COMMENT ALWYS IN TRADERJI.COM WAIT FOR U R POST DAILY LIKE WE WAIT FOR CHAKRY COMMENTS FROM SIFY . DO POST HAS EARLY SO THAT WE CAN PERPARE OR TAKE DECISION ACCOR TO DO WORK FOR A DAY
ARVIND
Market Forecast for 30.03.07
The market pulled back in the late hours and not in the early hours as expected by me. The markets ended in green in line with the asian markets and due to short covering. i am not convinced that the yesterdays pull back is the start of a bull run or a relief rally. if the market remains below 3720 on a closing basis, we can see another blood bath in the coming days...
Today the markets will open flat or gap up and if it remains above 3790+ keep long with a stop loss of 3775 for 3820-3840 and if it breaks below 3780 and sustain below this level, go short with SL 3795 for target of 3765-then 3725.
Since the market picture is still unclear, i advise all traders to adopt a wait and watch policy today since today is the last trading day of this financial year.
The market pulled back in the late hours and not in the early hours as expected by me. The markets ended in green in line with the asian markets and due to short covering. i am not convinced that the yesterdays pull back is the start of a bull run or a relief rally. if the market remains below 3720 on a closing basis, we can see another blood bath in the coming days...
Today the markets will open flat or gap up and if it remains above 3790+ keep long with a stop loss of 3775 for 3820-3840 and if it breaks below 3780 and sustain below this level, go short with SL 3795 for target of 3765-then 3725.
Since the market picture is still unclear, i advise all traders to adopt a wait and watch policy today since today is the last trading day of this financial year.
Market Forecast for 02.04.07
The market remained in range bound zone on the last trading day of the financial year with lesser volumes. The market managed to close above 3820, which is the last hope for the bulls and it managed to get a strong support around 3755+. But the impact of the Reserve Bank's decision to hike CRR by 50 bps and repo rate by 25 bps after the market hours can be seen only on Monday. The market sentiments will be on the negative side on the first trading day of the new financial year. Interest rate sensitive sectors including bank, reality and auto will be specifically affected and probably the first trading day of the new financial year will be remembered as a BLACK MONDAY...
On Monday, the markets will open flat or gap down by 55-105 points and if it remains below 3765 & sustain below this level, go short with SL 3785 for a target of 3745 & 3720 and if it manages to remain above 3820+ keep long with a stop loss of 3805 for 3845-3865. Since the international market has reacted very sharply to the RBI's decision, the Indian markets will follow suit on Monday. I advise all traders to stay away from the market for the time being and risk appetite traders can go short on sector specific stocks but please stay very cautious as the market is in a critical position.
The market remained in range bound zone on the last trading day of the financial year with lesser volumes. The market managed to close above 3820, which is the last hope for the bulls and it managed to get a strong support around 3755+. But the impact of the Reserve Bank's decision to hike CRR by 50 bps and repo rate by 25 bps after the market hours can be seen only on Monday. The market sentiments will be on the negative side on the first trading day of the new financial year. Interest rate sensitive sectors including bank, reality and auto will be specifically affected and probably the first trading day of the new financial year will be remembered as a BLACK MONDAY...
On Monday, the markets will open flat or gap down by 55-105 points and if it remains below 3765 & sustain below this level, go short with SL 3785 for a target of 3745 & 3720 and if it manages to remain above 3820+ keep long with a stop loss of 3805 for 3845-3865. Since the international market has reacted very sharply to the RBI's decision, the Indian markets will follow suit on Monday. I advise all traders to stay away from the market for the time being and risk appetite traders can go short on sector specific stocks but please stay very cautious as the market is in a critical position.
Re: Market Forecast for 02.04.07
Hi, koshyssj,
International market has not reacted to Our RBI's decision,
Europe has closed in Green, US has also manage to close flat.. US market rise sharp UP on opening on US Positive data, but fall sharp on news related to US - china ( Some restrictions regarding paper product) and other is some Rumer, But finaly US manage to close in flat green.
My comment's is only for sentence regarding internationl market,, all other forcast given by you is expected. market is likely to give negative reaction.
How much fall is depend upon Asian market condition.
I will not wonder if on monday market close flat after initial dip.
Hi, koshyssj,
International market has not reacted to Our RBI's decision,
Europe has closed in Green, US has also manage to close flat.. US market rise sharp UP on opening on US Positive data, but fall sharp on news related to US - china ( Some restrictions regarding paper product) and other is some Rumer, But finaly US manage to close in flat green.
My comment's is only for sentence regarding internationl market,, all other forcast given by you is expected. market is likely to give negative reaction.
How much fall is depend upon Asian market condition.
I will not wonder if on monday market close flat after initial dip.
Re: Market Forecast for 02.04.07
sir,
i commented on the performance of the Indian ADR's after the decision of the RBI was announced. Bank sector ADR's tanked down after the decision, just like anything... I also hope that the market will turnaround after the initial downtrend but it all depends....
thanks for the valuable criticisms....
koshy
sir,
i commented on the performance of the Indian ADR's after the decision of the RBI was announced. Bank sector ADR's tanked down after the decision, just like anything... I also hope that the market will turnaround after the initial downtrend but it all depends....
thanks for the valuable criticisms....
koshy
Re: Market Forecast for 02.04.07
sir
thanks for the criticism.. i've mentioned about the performance of the Indian ADR's in the international market... not about the whole international market...
koshy
International Market reacting to RBI decision.... my friend ... That is a bit farfetched considering the international position of Indian markets.. 
thanks for the criticism.. i've mentioned about the performance of the Indian ADR's in the international market... not about the whole international market...
koshy
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